Wells Fargo & Company Lowers FactSet Research Systems (NYSE:FDS) Price Target to $260.00

FactSet Research Systems (NYSE:FDS) had its target price dropped by investment analysts at Wells Fargo & Company from $296.00 to $260.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 10.46% from the stock’s current price.

FDS has been the subject of a number of other research reports. Stifel Nicolaus lowered their price target on FactSet Research Systems from $464.00 to $372.00 and set a “hold” rating for the company in a report on Friday, September 19th. Rothschild & Co Redburn raised FactSet Research Systems from a “sell” rating to a “neutral” rating and decreased their target price for the company from $415.00 to $370.00 in a research report on Friday, September 12th. Evercore ISI lowered their target price on FactSet Research Systems from $394.00 to $328.00 and set an “in-line” rating for the company in a report on Friday, September 19th. Huber Research upgraded FactSet Research Systems to a “strong sell” rating in a research note on Friday, September 19th. Finally, Zacks Research lowered shares of FactSet Research Systems from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and seven have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $346.50.

FactSet Research Systems Trading Up 4.1%

NYSE FDS opened at $290.36 on Friday. The stock has a market cap of $10.87 billion, a PE ratio of 18.67, a PEG ratio of 2.97 and a beta of 0.75. FactSet Research Systems has a 12 month low of $250.50 and a 12 month high of $496.90. The company’s 50-day moving average price is $277.82 and its 200-day moving average price is $359.13. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.63.

FactSet Research Systems (NYSE:FDS) last announced its quarterly earnings data on Wednesday, September 17th. The business services provider reported $4.05 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.08). The company had revenue of $596.90 million for the quarter, compared to the consensus estimate of $593.32 million. FactSet Research Systems had a net margin of 25.72% and a return on equity of 31.06%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.74 EPS. Equities research analysts forecast that FactSet Research Systems will post 17.21 earnings per share for the current year.

Insider Buying and Selling at FactSet Research Systems

In other news, insider Christopher Mcloughlin purchased 338 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were acquired at an average cost of $296.19 per share, for a total transaction of $100,112.22. Following the acquisition, the insider owned 3,446 shares of the company’s stock, valued at approximately $1,020,670.74. This represents a 10.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Goran Skoko bought 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average cost of $252.93 per share, with a total value of $126,465.00. Following the transaction, the executive vice president directly owned 9,192 shares of the company’s stock, valued at $2,324,932.56. The trade was a 5.75% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 1,208 shares of company stock valued at $328,505. 1.20% of the stock is currently owned by insiders.

Institutional Trading of FactSet Research Systems

Institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in FactSet Research Systems by 57.0% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 829,174 shares of the business services provider’s stock valued at $370,873,000 after buying an additional 301,129 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of FactSet Research Systems by 1,356.3% during the third quarter. Two Sigma Investments LP now owns 279,768 shares of the business services provider’s stock worth $80,151,000 after acquiring an additional 260,557 shares during the last quarter. Invesco Ltd. grew its stake in shares of FactSet Research Systems by 39.2% during the second quarter. Invesco Ltd. now owns 683,146 shares of the business services provider’s stock worth $305,558,000 after acquiring an additional 192,448 shares during the last quarter. PFG Advisors increased its holdings in shares of FactSet Research Systems by 4,209.8% during the second quarter. PFG Advisors now owns 192,000 shares of the business services provider’s stock valued at $85,878,000 after acquiring an additional 187,545 shares in the last quarter. Finally, Barclays PLC raised its position in shares of FactSet Research Systems by 159.3% in the 3rd quarter. Barclays PLC now owns 272,535 shares of the business services provider’s stock valued at $78,079,000 after purchasing an additional 167,424 shares during the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Company Profile

FactSet Research Systems Inc, a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth.